The Bangladesh Bank on Wednesday approved digital bank guidelines in a bid to accelerate financial inclusion.
The central bank board of directors on its 428th meeting approved the guidelines, said Bangladesh Bank executive director and spokesperson (in charge) Md Abul Bashar.
The BB governor Abdur Rouf Talukder presided over the meeting.
Digital bank, also known as Neobank or virtual bank, offers all its services online, doing away with all the paperwork such as cheques, pay-in slips, and demand drafts. Such banks behave like any other scheduled commercial bank, and can offer loans and accept deposits.
